Expeditors International of Washington, Inc. (NASDAQ:EXPD) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) have received an average recommendation of “Reduce” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $117.44.

A number of analysts have weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of Expeditors International of Washington from $122.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, January 23rd. Barclays raised their price target on shares of Expeditors International of Washington from $105.00 to $110.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. StockNews.com raised Expeditors International of Washington from a “hold” rating to a “buy” rating in a research report on Saturday, February 8th. Bank of America cut their target price on Expeditors International of Washington from $129.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, TD Cowen boosted their price target on Expeditors International of Washington from $106.00 to $108.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th.

Expeditors International of Washington Price Performance

EXPD opened at $111.01 on Thursday. The firm has a market cap of $15.54 billion, a PE ratio of 21.64, a P/E/G ratio of 3.77 and a beta of 0.98. The stock has a 50-day moving average price of $113.18 and a 200-day moving average price of $118.78. Expeditors International of Washington has a 1 year low of $108.36 and a 1 year high of $131.59.

Insider Buying and Selling at Expeditors International of Washington

In other Expeditors International of Washington news, Director Robert Paul Carlile sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $121.11, for a total value of $363,330.00. Following the transaction, the director now directly owns 9,662 shares of the company’s stock, valued at approximately $1,170,164.82. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Expeditors International of Washington

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hara Capital LLC purchased a new position in shares of Expeditors International of Washington in the third quarter worth approximately $26,000. SRS Capital Advisors Inc. raised its position in Expeditors International of Washington by 431.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 234 shares of the transportation company’s stock worth $26,000 after acquiring an additional 190 shares during the period. Bank of Jackson Hole Trust purchased a new position in shares of Expeditors International of Washington during the 4th quarter worth $39,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $57,000. Finally, Maia Wealth LLC bought a new stake in shares of Expeditors International of Washington during the 3rd quarter valued at $59,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.